Key Points
So, today, we were having two flagship businesses, the worldwide business and the Gati and contract logistics business, which was still in a very complicated structure and the steps that you have identified are complex only because the current structure was complex...
There will be no subsidiaries, no shareholding through step down structures, one simple clean structure, all the companies fold into the remaining Allcargo Logistics post the demerger of the international supply chain, which means that both express and contract logistics business would sit directly under the listed entity..
There is no advantage in having a step down subsidiary structure, that is what we have set out to eliminate.. So, you are transferring the contract logistic business of Allcargo Logistics, that is Allcargo Supply Chain Private Limited..
Ravi Jakhar: Independent valuers have done the valuation for both the underlying businesses, the contract logistics as well as the express supply chain and on the holding companies, they have looked at the asset base, etc..
So, from that standpoint, about the eventual entity will look like holding about approximately 139 odd crore shares and from the non-Allcargo shareholders perspective which is holding somewhere close to 49%, they would continue to hold almost close to 30% in a much larger business what used to be a 70% of 70 crore EBITDA is effectively now 100% of the combined EBITDA of contract logistics and the express business, so that is (11:51) the layout..
